On average, listings lease in the $20's per square foot per year. The Regency Square Office Park submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decrease in rent.
Compared to the rest of the Houston Metro market, the Regency Square Office Park region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 53 listings have been posted online, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 750 sqft. Most buildings in this market are close to 2 floors. Most buildings in this market were built in 1979 and are Class B.
This market is fairly equally mixed residential and commercial. Utilities is the dominant industry in this area. Most of the folk of Regency Square Office Park work from home. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.